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Banking and insurance
The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Banking & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
Thailand’s real estate sector continued to expand in the past decade as the country developed. Real estate activities are mainly concentrated in the Bangkok Metropolitan Region (BMR) and the Eastern Economic Corridor (EEC), while ...
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According to the 2019 Global Competitiveness Index of the World Economic Forum (WEF), there are significant disparities between the economies of ASEAN countries. For example, while Singapore was deemed the world’s most competitive ...
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The Mexican agriculture sector, including crop, livestock and fisheries, plays a key role in the domestic economy. Agriculture GVA accounted for 3.8% of GDP in 2020, and the sector is among the largest employers in the country ...
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Thailand is the largest producer of four-wheel vehicles in the ASEAN region and the 11th largest vehicle producer in the world. Additionally, the Thai four-wheel vehicle market is the second-largest in ASEAN and the 17th-largest market in ...
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With 12 GW of total installations, renewables-based power capacity contributes 26% of the total power capacity and generates 12% of Thailand’s electricity, according to data for 2020. The country ranks as the second largest ASEAN ...
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The transport sector is an essential link to economic growth as it facilitates movement of goods across the supply chain i.e. right from upstream (raw material) to downstream (finished goods). Thus, the development and modernisation of ...
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The COVID-19 pandemic severely impacted economic growth as is evident from the 6.1% contraction in GDP reported by the Thai economy in 2020. The banking sector was impacted with profits falling by 46.0% y/y in 2020 as the sector resorted to ...
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Thailand has developed a modern consumer goods and retail sector rapidly over the past few decades, in tandem with the country’s explosive economic growth. Thailand’s middle-class and affluent consumer base continues to increase ...
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Thailand has a broad range of natural, cultural, and modern attractions to cater to practically every tourist’s desires. More recently, Thailand has also developed a strong reputation in the medical and wellness tourism niches. ...
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Thailand’s government has identified infrastructure building as a crucial activity to drive economic development. Thailand is building considerable public transport infrastructure within the Bangkok Metropolitan Region* to relieve the ...
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